Food exports to receive $40m boost?

International food buyers from more than 30 countries are making their way to Sydney next week to savour and spend up on the best of Australia’s food offerings at Fine Food, according to Exhibition Organiser, Diversified Exhibitions Australia.

“Fine Food, in conjunction with Austrade, has a successful track record of matching buyers with suppliers,” Exhibition Manager, Minnie Constan, suggested. “Austrade estimate export sales resulting from the 2007 show in Sydney were valued at $40 million, having grown from $16 million in 2004.”

“Australia has a worldwide reputation for producing high quality premium food and, with exports increasing every year, it’s no wonder international buyers now number almost 2,000 and come from over 50 countries,” Ms Constan said.

Austrade will once again be bringing over 250 buyers to the trade show next week. These buying missions are coming from China, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, the Pacific, Saudi Arabia, Singapore, Taiwan, Thailand, Vietnam and the UAE.

Austrade has identified significant opportunities for Australian food beverage exporters in the markets of India, China and Russia due to their large populations and growing disposable incomes.